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O 12 Question 3 (3 points) Umberto invested $19,500 in a five-year regular interest GIC earning 6.59% compounded monthly. What is the interest payment for

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O 12 Question 3 (3 points) Umberto invested $19,500 in a five-year regular interest GIC earning 6.59% compounded monthly. What is the interest payment for the first compounding period? Enter your answer to two decimal places. For example: $225.90 SERIE

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